Virtus Dividend, Interest & Premium Strategy Fund
NFJ
131 hedge funds and large institutions have $501M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2023 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 42 increasing their positions, 42 reducing their positions, and 18 closing their positions.
121% more capital inflows, than outflows
Capital inflows: $46.6M | Capital outflows: $21.1M
1.69% more ownership
Funds ownership: 40.24% → 41.93% (+1.7%)
0% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 42
4% less funds holding
Funds holding: 137 → 131 (-6)
17% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
+$13.5M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$3.25M |
| 3 |
AQR Arbitrage
Greenwich,
Connecticut
|
+$2.42M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.66M |
| 5 |
Landscape Capital Management
Englewood,
New Jersey
|
+$1.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$9.18M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.24M |
| 3 |
Advisors Asset Management
Monument,
Colorado
|
-$995K |
| 4 |
Logan Stone Capital
Chicago,
Illinois
|
-$921K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$667K |
NFJ Hedge Fund Activity: Q4 2023 in Review
131 of the 6,877 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q4 2023, worth a combined $501M — up 16% from $432M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of NFJ and 15 opened new positions — a net loss of 3 holders — while 42 trimmed existing stakes and 42 added.
The largest buyer was Saba Capital Management, adding an estimated $13.5M. The largest seller was Morgan Stanley, cutting an estimated $9.18M.
- 131 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q4 2023, down from 137 in Q3 2023.
- Funds reported $501M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q4 2023, up 16% quarter-over-quarter.
- 15 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q4 2023 and 18 closed out, a net change of -3 holders.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q4 2023 was Saba Capital Management, an estimated $13.5M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q4 2023 was Morgan Stanley, an estimated $9.18M sold.
Based on aggregated 13F filings for Q4 2023.